Case study: Lottery winner

Here is the article. 

Richard Lustig
“I’ve been rich and I’ve been poor, and I like rich a whole lot better.”
Richard Lustig is one of the rare exceptions. The 65-year-old Florida man is a seven-time lottery game grand-prize winner who is still basking in riches after hitting it big about two decades ago. “Obviously it’s changed my life big time,” he told TIME on Tuesday. “I’ve been rich and I’ve been poor, and I like rich a whole lot better. We’ve lived in big, fancy houses. I drive a Jaguar. We’ve gone on cruises. I can’t complain.”

The former professional drummer, who banked his largest payout of $842,000 playing Mega Money, has kept most of his earnings and wrote the book, Learn How to Increase Your Chances of Winning the Lottery, in 2010 after his latest lotto win of $90,000.

The book has been flying off shelves in the last two weeks. “It’s been insanity. We’ve sold thousands of dollars because of all the publicity,” he said. “We wait for these kinds of moments, when jackpots get really high. When it happens, boom!”

Lustig, who has two children with his wife of 30 years, said the key to staying happy is to hire a good financial planner and a good accountant after paying off all debts. “I’m smarter than that,” he said. “People, they just don’t think. You have to secure your future.” “The reason why you hear those horror stories about people who win huge amounts like that and all of a sudden they’re filing bankruptcy is because it’s usually from people who have never had that kind of money before in their lives,” he added. “They just go through it like crazy. They think there’s no tomorrow. Well, there is a tomorrow and eventually it will run out.”

Here’s How Winning the Lottery Makes You Miserable

Here is the article.

Sandra Hayes
“These are people who you’ve loved deep down, and they’re turning into vampires trying to suck the life out of me”
Sandra Hayes won the Missouri lottery in 2006 and split a $224 million Powerball with a dozen coworkers. The St. Louis woman is now a retired social worker and wrote the book, How Winning the Lottery Changed My Life. She told the Associated Press she had to “adapt to this new life” which changed how she saw her closest family and friends. “I had to endure the greed and the need that people have, trying to get you to release your money to them,” she said in 2012. “That caused a lot of emotional pain. These are people who you’ve loved deep down, and they’re turning into vampires trying to suck the life out of me.”

【解码财商】大空头保尔森

Here is the link.

【解码财商】那个最懒基金赚了大钱

Here is the link.

19:32/ 21:22
定投指数基金

中证500指数基金 - ETF (for young people, more risk)
上证50指数基金 - ETF (for old people)
4% - 5% 红利， 5% - 6% 增长空间

Jim Cramer - China IPO analysis

今年纳斯达克收紧了中国中小企业在自家交易所上市后，CNBC做节目靠吼的财经主持人Jim Cramer对此表示了支持：

“去年上市的31家中国公司中有28家的交易价格低于其发行价”

“有一些赢家，但多数股票简直有毒”

“这纯粹是为了保护投资者免受垃圾商品的侵害”

2018年是中国企业涌向美股上市的一年，30多家中国公司在美国上市。其中主要的四场IPO是：被称为中国的Netflix爱奇艺，被称为中国特斯拉的蔚来汽车，电商拼多多，以及腾讯音乐。

但在它们之外，还有不少没有盈利的“科技企业”。这些中国公司在美股筹集了数十亿美元的资金，但是不少近两年上市的公司整体股价表现很让人心痛：

蘑菇街从开盘首日每股20美元下跌到了2.11美元，跌幅接近90%。

英语流利说从开盘首日每股8美元下跌到了2美元，跌幅约75%。

云集从开盘首日每股11美元下跌到了3.92美元，跌幅约64%。

团车从开盘首日每股6.65美元下跌到了2.49美元，跌幅约63%。

The Epic Story Of How A 'Genius' Hedge Fund Almost Caused A Global Financial Meltdown

Here is the link.

【解码财商】投資天才和瘋子只一線之隔

Here is the link.

LTCM - 94 - 97, hedge fund

Rush to learn project managment Prince 2

Nov. 24, 2019

Introduction

I just came cross this project management term called Prince 2. I looked up my friend Tracy profile and learned the term.

How should I rush to learn basics of AI?

Nov. 24, 2019

Introduction

It is my personal finance research. I went to Facebook onsite interview this August, I met a few friends in California as well. One of them is a Linkedin manager and he gave me a gift for six month free premium account, and one is principle scientist of AI in Mercedes. Another friend also coached me how to find jobs before dinner, who works for Google. This December one of friends will come to Vancouver to attend a conference of AI.

Start to learn, learn early as possible

I learn the lesson that I wasted 20 years from 1999 to 2019 since I did not learn how to invest; I spent almost whole year to learn how to invest in 2019. The lesson is to start early. 

How to learn AI and start to build interest on this area?

Dialpad is the startup company I have strong interest to learn.

The Edge of Artificial Intelligence - Human Level AI - Katja Hofmann

Here is the presentation.

Identifying Disease Mechanisms Using Gene Networks as Priors

Here is the link.

RUSSIAN-BORN SCIENTIST NAMED HEAD OF AI AT SICKKIDS

Here is the article.

Mastering the market cycle

I like to spend some time to learn from the book called "Mastering the market cycle ".

Howard Marks on Risk, Market Cycles, and Investing

Here is the link.

Howard Marks is one of the most successful and well-known investors in the world. He co-founded Oaktree Capital, the largest distressed securities investor in the world, managing over $120 Billion. Marks himself is worth $2.1 Billion and his ideas expressed through his memos have been endorsed by Warren Buffett himself. He has also written two best-sellers on investing: "The Most Important Thing" and "Mastering the Market Cycle." Howard spoke to students in the Amador Valley Investment Club on May 2nd, 2019.

Data Scientist Nuria Oliver defends the coexistence of humans & machines, an Interview by Inger Paus

Here is the link.

Game Changers: Nuria Oliver on Artificial Intelligence

Here is the link.

$150 registration for tutorials - Should I attend the conference?

Nov. 24, 2019

Introduction

It is holiday season. I am really looking for great ideas to meet and learn more about business, AI. My friend will visit Vancouver, and then I figure out that I also can attend the conference if I pay $150 Canada dollars for tutorials.

Friendship

I like to check out my frugal leadership and see if I can make a good decision on this choice. Here is my blog about the conference.

Talk about $150 expenses

It is better to save $150 dollars and then I go to youtube.com, search those speakers and learn from their past presentation.

One thing is to reason how good it is to pay $50 dollars for each of three sessions. I will meet my friend working for AI Mercedes if there is chance.

From average paid job to top 5% job

Nov. 24, 2019

Introduction

It is my linkedin update. I got the notification that top 5% pay is around $100,000 Canada dollars/ US dollars. I like to figure out how to make transition from average paid job to top 5% job.

Top 5% job

It is not too tough for me to apply the job since I already went to onsite for those jobs from Amazon and Facebook. I also like to learn how to push myself work hard, and train myself more on basics of problem solving.

My cellphone, my partner: Nuria Oliver at TEDxBarcelona

Here is the link.

Nuria Oliver has a Ph.D. with Honors in Artificial Intelligence and Computational Perception from the Media Lab at the MIT. At her current position - Scientific Director at Telefónica R&D, Barcelona - she is researching in the field of multimedia data analysis, mobile and ubiquitous computing, big-data analysis with a human-centric perspective and recommender systems. In her talk, Nuria points out that our smartphones inform us very well but do not know our personality nor our mood and thus neither adapt their communication to us as a human conversation partner would. She proposes us possible ways how a smartphone can identify our personality and mood. Thus, a smartphone would adapt not only to our personality but also to our current mood and communicate to us in a much more human form. The talk has been recorded at TEDxBarcelona on the 17th of May 2013. For more information please visit www.tedxbarcelona.com

Microsoft research - Nuria M Oliver

Here is my research since I like to find out if I should spend $150 on tutorial on this conference - NeurIPS | 2019.

December 2019 and a conference in Vancouver

Nov. 24, 2019

Introduction

It is a conference related to AI, here is the link. My friend will come to the city of Vancouver from Sillicon Valley. She posted it on wechat, and I like to write a blog how I should work on.

Sillicon Valley

I knew the friend near two decades. She is the principal scientist of Mercedes. I spent some time to research her profile on Linkedin.com. She has very successful career. She used to be a professor for top engineering school and also she worked as multiple jobs, at least 3 jobs last 20 years.

She told me that she got three offers in one month when she moved the whole family to Sillicon Valley. She told me two years ago when she and her family visited Vancouver. At that time, I did not really understand how hard it is. Now I understood better.

I had onsite from Amazon Seattle in 2018, and then 2018 August phone screen from Facebook, and then 2019 August onsite from Facebook. I never had any offer and I am hunger for more understanding.

I went to Facebook onsite interview and we met with other friends in Sillicon valley, a city called San Mateo near the airport. I wrote a blog about our dinner together with friends in Florida.

I like to come out some ideas to work on. Maybe I should learn from conferences as well. It is time for me to learn how to learn something about AI.

【留学在加州】在谷歌工作是一种怎样的体验？

Here is the link.

10 benefits to practice using JavaScript

Nov. 24, 2019

Introduction

It is my idea to try to write JavaScript to solve leetcode.com algorithms. I like to think about 10 benefits to write JavaScript. I have not written JavaScript so often long time, I worked for a manufacture company, and I do not have a lot of chance to write JavaScript last 10 years.

10 benefits to practice JavaScript

I like to learn more about function programming. And also I like to push myself to try something new.

【Q&A】北美程序员小姐姐 | 年薪百万不是梦 | 我对职业选择的看法 迷茫时期怎么办

Here is the link.

base salary - college graduate - 110,000 us dollars - 120,000 us dollars
sign on -
stock - 4 to 5 years, 1 - first year, 10 - second year or more

second and third year, all benefits - 180,000 US dollars

聊聊在美国科技公司做程序员 | 毕业生VS.资深老员工赚多少 | 工作强度 | 如何入职

Here is the link.

$120,000 US dollars - L3
$20,000 signing bonus
$100,000 dollar stock for 4 years
$10,000 relocation fee

分享在美国科技公司做程序员的一些心得体会，收入公开，工作强度，如何入职等等。 以下时间轴方便直接跳到感兴趣的地方： 薪资结构： 01:27 （单位都是美元，不好意思视频里没有强调，看到很多人在问） 收入公开（应届毕业生VS.高级主管)： 03:00 福利： 06:54

Powerful Life Lessons From The Alchemist By Paulo Cohelo ►HEALTHY WEALTHY WISE

Here is the video.

How not to squander the $1.5 billion Powerball jackpot

Here is the article.

I like to review those analysis and see if I can follow all ideas in the following:

After investing that $651 million in a conservative portfolio that earns an average of 3 percent a year, the move could generate a steady cash flow of about $19.5 million a year. (And that’s without spending down any of the actual prize money.) For the typical worker, that would be more than enough money to splurge on a new home, buy some luxury cars, offer some financial support to family and friends, and still indulge in a few luxurious vacations.


3% - conservative portfolio

One hypothetical portfolio that winners can consider would involve investing 40 percent of the money in municipal bonds, where returns would be free of federal — and in some cases state and local — taxes, Carbone says. Another 30 percent could be invested in dividend paying stocks from high-quality companies; 15 percent could be invested in real estate, including commercial real estate and rental properties; 10 percent could be invested in alternative markets such as gold and other commodities; and 5 percent could be held in cash.

40% - bonds
30% - dividend paying stocks from high-quality companies
15% - real estate
10% - alternative markets - such as gold or other commodities
5% - cash 

Here’s why lottery winners go broke

Here is the article.

This flight attendant saved enough to retire early but chooses to work

I watched the video twice. I do think that it is good teaching for me to learn about FIRE.

1. Delay gratification
2.

Jeff Bezos, CEO and Founder, Amazon

Here is the link.

10 ideas to make US million dollar asset dream come true

Nov. 23, 2019

Introduction

It is time for me to work on ideas. How to generate ideas to make my US million dollar asset dream come true? It is the first year first time I have this thought. I like to push myself to work hard.

10 ideas

There are a few surprise this year 2019. I had Fortinet onsite, Amazon onsite, Facebook onsite, Docusign phone screen, last week Dialpad online code screen.

I just could not believe that I have chance to go out and meet more people, learn more business. Also I think that I have to catch up learning about business, investment, technology and all other interesting things.

1. Get Facebook job in 2020. This will make my dream come true early and possible. All I have to do is to push myself hold high standard. Practice more algorithm up to 700, and also learn more about system design.

2. Get a full time to work for dialpad, try to pass online code screen. I will get paid as Canadian dollars, so it should go to my Canadian million dollar dream.

3. I like to learn more about investment, finance, and also get myself more educated about capitalism. The idea is to work on my 401 K and IRA, and see if I can learn to invest better.

4. Reserve some TFSA account to purchase USA ETF. I like to look into software ETF, technology ETF.

5. One of ideas is to learn how to invest $4000 - $5000 US dollars every year on stock market.

6. It is tough project to work on. I only have less than $40,000 dollar on my retirement fund and cash, and a condo with market value $135,000 us dollars.

7. I do not have too much time to learn personal finance and investment. I have to push myself to learn investment first, marketing and sales first.

Actionable items

It is hard for me to manage a project like this called millionaire dream. But I understand that it is also important for me to continue to work on being frugal life style study. I think that it is important for me to stay frugal, and stay away from people hyperactive spending.

The Dramatic Rise (And Fall) Of Xiaomi

Here is the article.

Lei often often says in public that Mi fans are “science geeks without high incomes,” indirectly indicating that their reviews of the phone are credible.

The fans also did their part by giving the phone free promotion online, especially on Sina Weibo, a popular microblogging platform.

Given its ability to generate word-of-mouth publicity through fans, Xiaomi was able to avoid unnecessary marketing expenditure. It sold its phones in flash sales online, whipping up a frenzy for its latest models.

Actionable Items

I like to learn how to write like the articles on Forbes.com. 

Two Xiaomi Co-Founders Quit Before Anticipated IPO

Here is the article.

Huang Jiangji 1.2 billion

Work on my English and also frugal life style

Nov. 23, 2019

Introduction

It is a good idea to watch more video created by CNBC, and I spent over one hour to watch video. I also think that it is such great opportunity for me to learn English and work on my knowledge about technology and business.

Videos I like 

I like those videos about Alibaba, Tencent, Baidu, Huawei, Xiaomi. It is such a surprise for me to find those videos.

I said no to Paris trip in USA thanksgiving holiday since I like to get better opportunity for myself. I got one, which is from Dialpad.com.

What is Baidu? | CNBC Explains

Here is the link.

A rare look inside Chinese smartphone giant, Huawei's headquarters | CNBC Reports

Here is the link.

Inside Baidu's high tech headquarters in Beijing | CNBC Reports

Here is the link.

Inside Samsung’s global headquarters in South Korea | CNBC Reports

Here is the link.

We went inside Alibaba’s global headquarters | CNBC Reports

Here is the link.

What is Xiaomi? | CNBC Explains

Here is the link.


Xiaomi became one of the world's largest smartphone makers in just four years. CNBC's Uptin Saiidi explains how the tech titan came to be called "China's phoenix."

The Inspiring Eight: Xiaomi Founders

Here is the article.

The most important thing is to focus, focus, focus. – Lei Jun

As the world grew attached to the Internet and smartphones, eight Chinese masterminds came together to create a phone that took that took the world by a storm! Lei Jun, Zhou Guangping, Huang Jiangji, Li Wanqiang, Hong Feng, Lin Bin, Liu De and Wang Chuan created one of the best brands to emerge from China.

Xiaomi Success Story | MI Vs Iphone | Best Chinese Phone | Inspirational Videos | Startup Stories

Here is the link.

Xiamoi Success Story - Startup Stories brings you the story behind the success of the Best Chinese Phone, Xiaomi Mi. Mi vs iPhone is one fight that's being going on for a few years now. Watch this inspirational video to know how a small startup became the 8th ranked smartphone in the world, and went on to create more products under Xiaomi's brand.

时代追光者：雷军

Here is the link.

雷军真是个有想法 会创新 善于总结 真的做出好产品 利用互联网 利用粉丝 打出口碑 口口相传即可

【百秒】有钱人的四条财富妙诀 Four wealth tips from the wealthy people

Here is the link.

Ellie Ismailidou
Market watch

1. Delay gratification
2. Credit - use it smart
Use debt to your advantage
3. Buy and hold strategy - owning good company for longest time
4. Tangible asset - own them, like real estate

Focus on long term growth. Do not try to get rich quick.

梁兵 professor

Here is the web page.

教育背景：

博士学位：爱荷华大学金融学， 1995
硕士学位：爱荷华大学质量管理和生产力学， 1990
硕士学位：中科院应用统计学， 1988
学士学位：中国海洋大学海洋气象学， 1982

教授介绍：

梁兵教授现任上海高级金融学院特聘教授、麻省大学爱森堡管理学院金融学讲席教授。他曾于2013年在上海高级金融学院、2010年在耶鲁大学担任访问教授、2004年任伦敦经济学院访问学者。

梁兵教授的研究方向主要为对冲基金和共同基金、风险管理、资本市场的异常、计量经济学等。他在国际著名学术刊物如Journal of Finance，Journal of Financial Economics，Journal of Business, Journal of Financial and Quantitative Analysis, 和Management Science 等发表多篇论文。梁兵教授参与了多部金融类著作（包括《数量金融百科全书》）中有关投资、基金等章节的编写。因其杰出的研究成果，梁兵教授获得2003年欧洲金融协会对冲基金类最佳论文奖，2006年麻省大学爱森堡管理学院杰出研究奖和麻省大学研发领域最高成就奖，2007年中国国际金融会议最佳论文奖和BSI的伽玛基金会研究奖，2007和2008年分别获得了爱森堡管理学院特殊研究员称号， 2009年获得格雷厄姆-多德奖，2006，2012-2014 年获得了爱森堡管理学院杰出研究奖，2014年获得了爱森堡管理学院杰出教学奖等多个奖项。

梁兵教授讲授的课程包括《资产管理》等。他在麻省大学担任多门金融学课程的教学工作，主要包括《投资学》、 《高级投资学》、 《公司财务》、 《国际金融学》和《实证金融经济学》等。

梁兵教授于2003年被邀成为美国证券管理委员会对冲基金圆桌会议的专家组成员，并担任Journal of Alternative Investments主编, European Financial Management对冲基金特刊的嘉宾主编，European Financial Management, Journal of Investment Management副主编等职务。梁兵教授曾担任纽约大型对冲基金公司Entrust Capital的高级风险顾问，和上海桐湾投资公司的创始人及董事。

梁兵教授于1985 年获中科院应用统计硕士，1990年获爱荷华大学质量管理和生产力学硕士，1995年获爱荷华大学金融学博士学位。

Actionable Items

My idea is to build interest in learning personal finance. One thing I can do is to know one professor, and also start to figure out how to learn from his experience. 

I really  like the way the professor presenting the idea - he has very powerful teaching skills. 

华尔街菁英谈|20年看尽全球对冲基金起伏-梁兵专访

Here is the link.

Interview of-Yi Liu

Here is the link.

刘毅博士是TIG证券化产品对冲基金的两位创始人之一，目前是该基金的首席策略官和合伙人，该基金主要由四位资深投资经理和五位分析师来管理。刘博士于1986年以安徽省高考第二名进入复旦大学经济系本科，随后在美国华盛顿大学获得经济学博士学位，专攻货币银行和金融学。在担任经济学教授三年后，下海进了金融行业，先后在PwC、Countrywide、德银、瑞银、美林工作过，直至2012年开创TIG证券化产品对冲基金（以下简称TIG或TIG对冲基金）。在采访中我们询问刘毅，TIG证券化产品基金如何做到鹤立鸡群？ 他回答：“一方面来说，我们有一个很好的团队，我们两个合伙人都是久经华尔街沙场，加起来有30多年的经历，另两位资深投资经理也共有近50年的工作经历。我们以前就是这儿那儿的同事，我的合伙人Stuart Lippman就是我在瑞银UBS的同事。我们团队经验相当广泛，有做过卖方的，买方的，还有做交易、做研究、做模型。大家合作得也很愉快，工作得很开心，这对一个刚开始的团队是一个很好的起步。另外的话，我们有很多的投资人对我们非常的支持，这也是我们这几年取得比较成功的一个原因。”

Ray Dalio - wiki article

Here is the article.

【解码财商】丁鹏：对冲基金“教父”达里奥

Here is the link.

生命中不应该只有k线——专访中国量化投资学会理事长丁鹏博士

Here is the article.

而量化投资，一般是各种各样的市场，各种各样的品种都会做。所以“东方不亮，西方亮”，追求的是一个大概率的机会。

丁鹏博士，中国量化投资学会 理事长

丁鹏博士，中国量化投资学会 理事长
《量化投资-策略与技术》作者
《量化投资与对冲基金丛书》主编
《量化投资与对冲基金》副主编

丁鹏博士是中国量化投资领域研究的先行者，开拓者，2014年计入东航金控任财富管理中心 总经理，从事领航基金系列产品的开发。
2012年进入是方正富邦基金，从事量化对冲产品设计与投资。
2008年进入东方证券金融衍生品总部，任投资经理、全球量化策略小组负责人，团队管理资金超过10亿。他同时还是多个基金公司、阳光私募和海外对冲基金的特别顾问，影响资金超过100亿。
他的著作《量化投资》是中国第一本介绍量化投资策略方面的教材，量化投资的奠基之作。全书用60多个案例，详细阐述了选股、择时、对冲、算法交易等核心量化策略，业内人士誉为量化投资的‘圣经’
丁鹏同时还是是‘CCTV证券资讯频道’‘第一财经’等电视媒体的特约嘉宾、《第一财经日报》《经济观察报》等平面媒体的特约撰稿人，具有广泛的媒体影响力。
丁鹏博士2001年毕业于上海交通大学计算机系，获得工学博士学位，并于同年留校任教，是国际知名的人工智能研究员，美国电子电气工程师学会（IEEE）、美国金融学会（AFA）会员，在国际顶级刊物和会议上发表过十余篇学术文章，获得国家发明专利5项。
他已经培训过的机构包括：嘉实基金、华泰证券、山西证券、招商银行、东证期货、永安期货，国际期货等。

How to prepare online code assessment?

Nov. 23, 2019

Introduction

I like to make plans to prepare for online code assessment. I like to prepare at least 10 hours before I take online code assessment.

How to prepare? 

I think that I should take some adventure, and work on a few mock interview sessions on Leetcode.com.

I also like to take some time to review the algorithms I solved. I have solved over 400 algorithms, and I like to take some time to review those algorithms as well.

I also like to take advantage of preparation, push me to solve more algorithms. My goal is to solve 700 algorithms on Leetcode.com. Now my mark is 460.

Hottest startup

It is my strategy. I do not know which company is hottest one. What kind of flow for talent to move to/ from. So what I do is to push myself hard, work on practice once I have time. 

Based on my analysis, dialpad is hottest startup in the city of Vancouver. I like to give it a try. 

Follow up
Nov. 26, 2019

Nov. 22, 2019
Mock interview on Leetcode.com. Here is the link.

Nov. 24, 2019
Mock interview on Leetcode.com. Here is the link.

[NHK][纪录片][中文字幕] 三和人才市场・中国日结百元的青年们

Here is the link.

财经冷眼：我的贫穷与奋斗！（20191021第76期）

Here is the link.

学习投入对于富人来说，成本并不算高，但对于穷人来说，他投入的不仅仅是钱，还有生存的机会。特别是一些需要完全脱产或者基本脱产的学习，对于穷人来说更是一种奢望，因为一旦他们失去收入，生活将难以为继。因此综合来看，穷人的学习成本极高——这一点堪称穷人的命运诅咒与遗传基因，也是一穷起码穷三代的核心原因。

Research topic is about poverty, how to get rid of poverty? Nobel price wen to those three economists, two are in MIT, one in Harvard university.

是金融创新还是庞氏骗局？ 长租公寓爆仓或成P2P的下一个试金之地

Here is the article.

从目前的种种迹象看，这些长租公寓涉嫌利用法律盲区侵犯租客和房东的权益，以空手套白狼的形式套取大量贷款资金用于自身发展，把风险转移给房东和租客以及全社会，而把所有的利益留给自己。这些长租公寓，真的可能一夜爆仓，从而引发剧烈的社会动荡。

爆仓和暴雷是有严格定义的，指的是原本繁花似锦的形势，一夜之间突然全部归零，这才能叫爆仓，如果是慢慢亏下去的，那是不能使用这个词汇的，比如中国的实体制造业，你可以说他亏损，但是不能说他爆仓。

房东

首先，如果你是房东，要长点心，中介公司动辄抬价30~50%来收你的房，还要签长约，这不是白白送钱给你，这个钱肯定是你负担风险换来的，如果将来某一天中介公司倒闭资金链断裂，而你的房子被某个租客一次性签下了5年的贷款租金，那你就傻眼吧，这个钱到底是你来赔呢，还是你来赔呢，赶租客要是那么容易，法院拍卖的房产就不会那么便宜了。

租客

如果你是租客，那么你也要长点心，找中介公司租房可以，中介公司让你贷款交房租也可以，但是一定要搞清楚，这笔贷款是打给谁的，是直接打给房东，还是中介公司自己拿去了。

要知道中介公司是没有产权的，即便是租赁权，他们也是不是一次性全部支付的，开头支付一笔后，后面都是按季度打给房东。一旦资金链断裂无法支付房租，房东肯定要收房，而你住的房子，是房东的，不是中介的。像这种房东房客都是受害者，而中介跑路拿不出钱的案例，按中国惯例都是各打50大板和稀泥，一个人负担一半损失，但是哪怕是一半那也是万元级别的损失，你有必要去负担这个风险吗？

中介公司
为什么中介公司突然那么财大气粗，宁可抬价50%也要抢房源了吗？因为他们能够靠房源窃取租客的贷款资金，如果一切顺利那么所有收益归自己，如果不顺利那么全社会来承担他的风险和损失，真是一个无本万利的买卖，贩毒都没它来钱快。

财经冷眼：比P2P更大的旁氏骗局爆雷！底层人再次血本无归，全国性金融维稳开始了！（20190822第35期）

Here is the link.

财经冷眼：全球经济衰退报警，美股暴跌遭血洗！为连任川普与中国止战做魔鬼交易内幕？（20190815第29期

Here is the link.

财经冷眼：大萧条、失业潮将至，寒冬里的家庭自救指南！（20190801第16期）

Here is the link.

当前中国，出口数据逐级下降，进口下降更快，造成衰退型顺差。房产榨干了家庭的最后一丝消费能力，出口大幅下挫后，消费这架马车已经熄火；目前地方政府债务缠身，银行资本金有限，投资这架马车也趴窝了，外资撤离，半年500万家民营企业破产，预言着中国40年来的最大失业潮已经到来了。中国绝大多数家庭主要成员将在未来3-5年将会失业，更多的家庭就会因此导致房贷违约破产。 冷眼认为，那些中低端的就业人员，那些替代性比较强、没有一技之长的人，将在失业潮首轮冲击波中倒下。而只有极端务实与高安全边际的个人与企业，才能闯过寒冬，存活下来。

财经冷眼：众富豪跑路末日狂奔，花样繁多想象不到！（20191117第92期）

Here is the link.

财经冷眼：引爆下一轮经济危机的泡沫资产大排名，你如何应对危机？（20191025第78期）

Here is the link.

最近，全球经济都不太好，放缓的趋势都非常明显。各国的央行也都在进行宽松，来刺激经济。美联储今年年内已经连续两次降息了，上个月欧洲央行也是3年来首次降息，并启动了购债计划，日本央行也都大规模购买国债放水，今年经济增速和通胀都将下调。中国的央行虽然没有降息，但是通过降准和常备借款便利等货币宽松工具，像市场大量放水，拯救实体企业。

Leetcode mock interview

Nov. 22, 2019

Introduction

It is two hour mock interview. I solved all three algorithm and it took me less than 90 minutes.

Case study

Here is my performance.

Nov. 24, 2019
239. Sliding Window Maximum C# mock interview performance with code review in 2019
117. Populating Next Right Pointers in Each Node II C# using level by level traversal practice in 2019
69. Sqrt(x) C# binary search practice with challenges in 2019

Actionable Items

I think that it is better for me to solve another 250 algorithms. I should learn from my practice, therefore I can perform better in any coding project.

My weakness in the above three algorithms:

1. Consider edge case - not careful. I need online judge help - binary search algorithm Sqrt(x)
2. I should simplify the solution, learn more about C# API LinkedList. My analysis is not so strong.

熊晓鸽 - wiki article

Here is the article.

“我从小就喜欢写作文，上大学期间曾在《湖南日报》发过文章。这是我萌发做记者的最初动力。”大学毕业后，熊晓鸽不满足在机电部任翻译和英语教师的工作，有着做一流记者的愿望。这推动其不断努力。1984年，他以全国统考总分第三名的成绩，被录取为中国社科院研究生院新闻系英语采编专业研究生。

“那时的执教老师中，有几位是来自美国。其中有一位老师特别欣赏我，告诉我应该到美国去走走看看。”熊晓鸽说，“但我一心只想进新华社做记者，没有上心。这位老师耐心地教育我，应该多看看国外同行是怎样做的，为什么能那样做，我才逐渐‘开窍’。”

《Tartine Bread》基础全麦乡村欧包

Here is the article. 

Tartine Bakery's Country Bread

Nov. 22, 2019

Introduction

It is a very good idea to ask help. I went to Costco and planned to purchase a bag of wheat flour, and I saw a young Indian lady who likes to purchase as well. So I asked how she does the work to make bread. She told me to look up Tartine Bakery.

Learn how to bake

I have problems last few years. I only have one time to make a dough successfully using yeast. The lady told me that she only needs patience, only bread, salt and water.

Keys to Recruiting Success with Dialpad

Here is the article.

What are the key skills you look for in candidates?

Teachability is a big one. Testing a candidates’ coding ability at the front end of the recruiting process will help you test their problem-solving ability. But we’re not focused on whether they get the problem right, we’re more interested in how they’re attacking that problem and whether they’re open to feedback and being coached on their approach. HackerRank has been especially helpful for us during the coding assessment and video CodePair sessions, to really nail into this. So that we know this candidate we’re bringing on-site is definitely going to pass by a certain percentage the whiteboard sessions they have to complete.

Some facts:
2 engineers - work on HackerRank assessment -> onsite -> population was failing -> the reason is that the problems are not challenging enough.
3 assessments -> 7 assessments -> different levels of qualification/experience/background per candidate
upfront assessments, pass-through rates -> save time, save candidates time. Continue to calibrate and align on that proper background.

David Swensen Is Great for Yale. Is He Horrible for Investing?

Introduction

It is my very first time to read an article from institutional investor website. Here is the link. I do believe that it is best learning opportunity for me. The article is easy to read and I understand most of concepts in the article as well.

《遇见大咖》 高瓴资本创始人兼CEO张磊特辑（下）：投资界的风向标 531亿港币收购百丽集团 20181013 | CCTV财经

Here is the link.

Another online code assessment

Nov. 21, 2019

Introduction

It is time for me to catch up so many projects in my life. I like to say no to things against my frugal life style. But I have to say yes to this one, one more online code assessment.

Project plan

I will come out the plan to work on algorithms in next seven days. I like to invest some time to study the company as well. Dialpad is taking approach to use hackerrank.com. Here is the article.

Forbes Richest 400: The Latest List Reveals A Surprising New Wealth Strategy

Here is the article. 

Yale’s David Swensen Proves You Can Beat the Market

I firmly believe you can beat the market for years if you put your mind to it. Take David F. Swensen, chief investment officer of Yale University’s endowment fund since 1985.

Under his leadership, Yale investments increased from $6 billion to $22.5 billion, returning an annualized profit of 18% over the past 10 years. That’s two percentage points above the market averages, and well beyond more conservative endowment funds.

Moreover, Yale’s fund did not suffer a single down year during the difficult 2000-2003 bear market. And last week, Yale announced that its endowment fund gained 28%.

Swensen is considered the Babe Ruth of endowment funds managers.

David F. Swensen - Wikipedia

Here is the article.

Under Swensen's guidance the Yale Endowment saw an average annual return of 11.8 percent from 1999 to 2009.^[4] As of the 2016 fiscal year, Yale's endowment had risen by 3.4%, the most out of any Ivy League school, according to Institutional Investor.^[5]

Swensen was listed third on aiCIO's 2012, a list of the 100 most influential institutional investors worldwide. In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame.^[6]

《遇见大咖》 高瓴资本创始人张磊特辑：人傻钱多？做自己认为最好的投资 20181124 | CCTV财经

Here is the article.

本期节目主要内容： 不管是投资京东而一战成名，还是力推腾讯和京东的合作，他都里程碑式地影响了中国互联网电商的格局。他很低调，一直隐藏在幕后，外界几乎对他没有了解，他就是张磊。

史小诺 《遇见大咖》纪录片制片人

Here is the article.

个人著作

史小诺书籍封面

《40而立，也不晚：遇见大咖背后的故事》一书为央视主持人、《遇见大咖》纪录片制片人史小诺的随笔集。书中讲述了大咖们鲜为人知的阅历和“小咖”40而立的奋斗史。

在书中，你可以看到叱咤商场的柳传志、王石、王健林、刘强东、董明珠、雷军等大咖鲜为人知的一面，以及在拍摄《遇见大咖》的过程中，史小诺采访并跟拍大咖时的经历和难忘时刻。

同时，史小说也完成了从主播到制片人的角色蜕变——经历了摆脱“美丽空想家”称号的“懒惰式”进化，她也在讲述着真实的自己。2012年，史小诺已在央视晃晃悠悠地度过了十年，不惑之年，身体里的某个进击键突然被触动，彻底终结此前睡不醒的人生黄金期。

柳传志、王石为此书亲笔作序。 [18]

Here is the link on iqiyi.com.

《遇见大咖》 红杉资本老板沈南鹏特辑：2018年福布斯“全球最佳投资人”榜单全球第一 20180929 | CCTV财经

Here is the link.

本期节目主要内容： 本季《遇见大咖》第一位嘉宾，是一位投资人。他不仅投资厉害，人还很帅。据说一个热播剧备受追捧的男神的原型就是他。有报道称，他投了中国互联网的半壁江山，其中包括阿里、京东、美团、360、今日头条和滴滴出行。在2018年福布斯“全球最佳投资人”榜单中，他是全球第一名。他就是红杉中国老板--沈南鹏。

耶鲁毕业生张磊：研究能力造就亿万富翁投资人

Here is the article.

四年后，拿到MBA学位的他说服耶鲁大学给他2000万美元，投资中国的新公司。当初他向大家推广这个主意时，人们犹豫不决。当时，他很青涩，前耶鲁大学捐赠基金的同事回忆，以至于都不知道要雇用谁。张磊给老朋友们打了电话。一个朋友拒绝了他提供的工作，但推荐了自己的妻子。

“我说，‘你是当真的吗？你不理我，把老婆扔过来？’”张磊回忆说。这位朋友的妻子马翠芳(Tracy Ma)现在是高瓴的首席营运官和第二号人物。

张磊最早压下的赌注之一是腾讯；他在2005年买了该公司的股票，腾讯当时最知名的产品是QQ通讯工具，公司价值不足20亿美元。如今，腾讯已经成为互联网巨头，价值超过1600亿美元。

“现在回想起来，我觉得，哇，腾讯当时那么便宜，”张磊说。高瓴目前仍然持有腾讯股票。

时代追光者：张磊

Here is the link.

张磊 （高瓴资本创始人兼首席执行官）

Here is the link.

1. 超长期投资 – “超长期投资是我的信念和信仰。总结来讲，第一点是把基金做成超长期结构的基金，第二点是所投公司和投资基金的理念要完全一致。”
2. 投具有伟大格局观的企业家 – “特别少的人，特别少的公司能够有这个格局、执行力、能够把公司愿景推到那么高的高度，我们就要寻找这样的人。这个人怎么找到呢？有两种模式，一种模式是人海模式，到处参加各种会议，一个地方一个地方跑。我们采用的是研究型模式，就是通过研究发现哪个是最好的商业模式，然后我们再寻找跟最好商业模式契合的最好创业者，我们再一起发展。”
3. 善于甄别“虚假的护城河”- “我经常在公司内部强调我们要善于甄别“虚假的护城河”，譬如政府保护，这类的护城河随时都有可能崩溃。而长期创造最大价值的，并用最高效的方式和最低的成本创造最大价值的才是企业“护城河”的本质。”
4. 在关键的时点投资关键的变化 – “什么是关键时点？就是大家都看不懂的时候。关键变化是什么呢？如果是一成不变的事情，实际上很容易被看见，这个世界永恒的只有变化。只有在变化的过程中我们才能去跟别人有不同的观点，而且是产生非常长期的不同观点。我关注的是创造多大价值的机会，这就是我说的深入基本研究，在这个过程中我们多年来一直坚持持续深入的跨时间、跨地区、跨行业、跨类别、跨线上/线下的行业研究，所以高瓴能够深刻理解这些行业的长期内在发展规律和业务逻辑，从而准确把握行业与市场的变革要素和时点。”
5. 投资哲学：“守正用奇”、“弱水三千，但取一瓢”、“桃李不言，下自成蹊”。- “我有三个哲学观，也是在公司里反复强调并实践的。分别是：“守正用奇”、“弱水三千，但取一瓢”和“桃李不言，下自成蹊”。“守正用奇”语出老子《道德经》的“以正治国，以奇用兵”；“弱水三千，但取一瓢”引申自《论语》，是说看准了好的公司或业务模式就要下重注。而“桃李不言，下自成蹊”出自《史记》，是说只要做正确的事情，不用去到处宣传，好的企业家会找到我们。

美媒：2020市场大概率衰退 聊聊咱们经济危机时的心理建设

Here is the link.

《人生理财40课》之三：每个家庭都该把钱分成四份

Here is the link.

《人生理财40课》之一：为什么大多数人炒股都不挣钱？

Here is the link.

【解码财商】巴菲特：做自以为是的价值投资者

Here is the link.

罗辑思维 145 什么是有钱人

Here is the link.

Interview experience blog

Nov. 19, 2019

It is a nice article about interview, and I learn a few things from the author. Here is the link.

Algorithm: Search kth number

Here is the algorithm blog. 

This is best blog I read related to the algorithm similar to find median in data stream. 

Discussion about algorithm and data structure programming

I like a few good arguments in the article.

Let me list a few arguments in the above article.

1. 外企则很喜欢考察 “能力”，我加引号是因为他们觉得他们在考察能力，实际却不见得。因为他们只是在考察 80% 的算法+数据结构，以及一点点系统设计，一点点扯淡能力，再顺道看看颜值如何啊，八字合不合啊，星座属相啥的而已. 
2. 面试考察的正是平时工作用不着的东西，换言之，原则是 “什么用不着就考什么”，首当其冲的就是算法，而真正用得着的呢，以一句 “Google 得到的别考” 搪塞过去了，于是这些自我感觉良好的公司中，工程师日常工作就是在和 Google + StackOverflow 战斗中度过的。
3. 尤其是 MS，这家自我号称地球上最没有 taste 的公司，面试简直是为 ACMer 准备的，有的组简直是 “来了就做题，做完就闪人”。
4. Google 问的算法题还算有新意的话，
5. 是那 Facebook 是对普通算法题要求 bug free 就让人和不解，bug free 能说明什么问题，说明熟练，说明题目做得多，还是想说明一个人脑子这个 hash table 里面存放的题量大？

全栈工程师修炼指南

Here is the course I like to look into.

写给那些想回又不敢回国的硅谷人

Here is the link.

Argument 1:
上文提到，Facebook，Google等公司的人才战略决定了他们要尽可能在市场上找到最优秀的人才。但随着公司规模的发展，不可能让所有人都做影响力最大的事情。就注定了一些人才需要做一些与能力不相匹配的“简单”工作。但是算下来公司ROI依然是正向的。

Argument 2:
这对每个人也做出了更高的要求，如果你的能力没有足够的弹性，回国/选择小公司的确不太合适。

每天解读一本书｜第26期｜《投资最重要的事》: 投资的秘诀究竟是什么

Here is the link.

《投资最重要的事》倾注了霍华德•马克斯一生的经验和研究，阐述了成功投资的秘诀，以及足以摧毁资本或断送职业生涯的错误。马克斯摘录备忘录中的段落阐明自己的思想，以亲身经历详细阐述了其投资理念的发展历程，充分肯定了投资的复杂性和金融领域的危险性。作者凭借对当今动荡市场的深刻见解，奉献出一部半自传、半信条性质的《投资最重要的事》，为读者提供了广阔的看点。 马克斯在《投资最重要的事》中详细阐述了“第二层次思维”、价格、价值关系、耐心等待机会、以及多元化投资等概念，对自身的决策以及偶尔的失误做出了坦诚的评价，为读者进行批判性思考、风险评估、建立投资策略提供了宝贵的经验教训。作者鼓励投资者做“逆向投资者”，明智地判断市场周期，采取大胆而谨慎的行动获取收益。最重要的事是什么？成功的投资有赖于同时对各个方面保持密切关。《投资最重要的事》中的每个主题，都是最重要的事。 作者简介 [美] 霍华德·马克斯 Howard Marks 总部位于洛杉矶的橡树资本管理有限公司（Oaktree Capital Management）主席与共同创始人，管理着800亿美元的投资公司资产，沃顿商学院金融学士，芝加哥大学会计与市场营销专业MBA。他投身顶级投资管理行业40年，跻身世界顶尖价值投资者之列。他的客户备忘录充满了富有洞察力的评论与久经考验的基本投资理念。如今，马克斯首次面向业余投资者和专业投资者，将其智慧集结成书，使广大读者从中获益。

浅谈 投资那些事 和 巴菲特的投资理念

Here is the link.

【听书】穷查理宝典｜思维『豆瓣8.9』

Here is the link.

每天解读一本书｜第15期｜《彼得林奇的成功投资》｜股票投资技巧 豆瓣评分8.5

Here is the link.

每天解读一本书｜第11期｜《投资中最简单的事》｜ 豆瓣8.7分

Here is the link.

每天解读一本书｜第13期｜《斯坦福商业决策课》：控制好每一次的风险 实现利益最大化

Here is the link.

《斯坦福商业决策课》来自战略决策集团（SDG）卡尔·斯佩茨勒以及他的两位同事汉娜·温特和珍妮弗·迈耶所组成的资深商业决策教育团队。 它将帮你： 规避大多数误导决策的常见陷阱 当你做出决策时，精准判断你的决策质量 帮你在今天的不确定性中树立信心 保证在执行决策时获得双赢 作为未来决策者，你需要的是对重大决策的更精准把握，这本书将为你嵌入优质决策基因。让每一次决策都超越预期！

每天解读一本书｜第21期｜《学会花钱》: 如何把钱越花越多？

Here is the link.

每天解读一本书｜第30期｜《聪明的投资者》: 巴菲特的投资启蒙书

Here is the link.

《高情商是练出来的》：哈佛麻省理工的情商课

Here is the link.

“The Road To Financial Freedom”: Tips from Bodo Schaefer

Here is the article.

每天解读一本书｜第31期｜《财务自由之路》：7年赚到你第一个1000万

Here is the link.

内容简介 极简理财术，7年内实现财务自由！ ◇如何快速清偿债务； ◇如何在正确储蓄的同时积累财富； ◇11条能立刻增加财富的绝密法则； ◇银行秘而不宣的投资理财内幕知识。 拥有财富是每个人生来便被赋予的权利，每个人都可以通过长期计划变成有钱人！这本书将为你提供一生中的最佳投资理财策略！ 你是不是因为金钱问题而烦恼？每个月都是死薪水，是不是感觉致富无望？为什么自己的投资总是受挫？能不能在不丧失生活乐趣的情况下正确省钱？能不能立刻让自己的收入大幅提高？ 博多•舍费尔通过介绍梦想、目标、价值观和策略这四大致富支柱，指导各阶层的读者转变理财观念，运用有效的投资理财策略，在保证财务安全的前提下，实现财务自由。 本书的投资理财理念和策略，已经让成千上万的读者解决财务问题并最终实现财务自由。捧读此书的你，已经走在通往富裕的路上。 作者简介 博多•舍费尔（Bodo Schäfer） 德国顶级理财大师，被誉为“欧洲巴菲特”。1960年9月10出生在德国科隆，从小目睹贫穷给人们带来的种种痛苦。16岁只身赴美闯荡，26岁陷入财务危机，凭着坚强的意志和正确的投资理念，成功摆脱债务，达到财务自由。博多决心将自己获得金钱的秘密和成功致富的理论传播给大众。他在世界各地举办讲座并著书立说。他的《赢家法则》成为德国最佳畅销书，《小狗钱钱》全球销量逾千万册。

如何才能摆脱贫穷？穷人和富人有什么差别？【2019诺贝尔经济学奖解读】

Here is the link.

IQiyi.com link is here.

Nobel prize-winning economist Esther Duflo: 'You have no reason to fear low-skilled migration'

Here is the link.

Book review: poor economics